Arkansas
Arkansas gas prices fall following Biden announcement
Jonesboro, Arkansas – After President Joe Biden announced the United States would release millions of barrels of oil from its reserves, Arkansas gas prices fell nearly five cents last week.
The average price for a gallon of regular unleaded in the Natural State fell 4.5 cents last week to $3.75, according to GasBuddy.com.
That’s sill 22.9 cents a gallon more than motorists paid a month ago and $1.08/gallon higher than a year ago. The national average of gasoline fell 5.4 cents a gallon to $4.17.
According to Patrick De Haan, head of petroleum analysis for GasBuddy, the reduction in price to President Biden’s announcement the U.S. would release 180 million barrels from the Strategic Petroleum Reserve.
“So long as oil prices remain under $100 per barrel and there’s no escalations in Russia’s war on Ukraine, we may be poised to see gas prices decline again this week as the U.S. and other countries try to raise oil supply to tip prices lower,” De Haan said.
-
Local News2 weeks ago
Big Country Chateau up for auction starting at over $3M
-
Local News2 weeks ago
On World Kidney Day, UAMS’s leading nephrologist spreads awareness following their transplant
-
Local News2 weeks ago
Area Foster Parents of the Year is awarded to a pair from Northeast Arkansas
-
Local News2 weeks ago
In the wake of the storm that devastated Hot Springs Village, community resiliency shines
-
Local News1 week ago
Townhomes in Maumelle flooded by strong storms; cleanup is now underway
-
Arkansas2 weeks ago
Following a recent incident, city officials convene a collective prayer session
-
Local News2 weeks ago
A Mountain View man enters a guilty plea to four murders in 2022
-
Local News1 week ago
Pulaski Tech awarded a $1.78M grant for an advanced manufacturing program upgrade
Leave a Reply